URI · United Rentals, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $16.10B | $15.35B | $14.33B | $11.64B | $9.72B | $8.53B |
| Cost of Revenue | $9.96B | $9.20B | $8.52B | $6.65B | $5.86B | $5.35B |
| Gross Profit | $6.14B | $6.15B | $5.81B | $5.00B | $3.85B | $3.18B |
| R&D | - | - | - | - | - | - |
| SG&A | $1.73B | $1.65B | $1.53B | $1.40B | $1.20B | $979.00M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $438.00M | $437.00M | $431.00M | $364.00M | $372.00M | $387.00M |
| Operating Income | $3.97B | $4.07B | $3.83B | $3.23B | $2.28B | $1.80B |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $844.00M | $813.00M | $787.00M | $697.00M | $460.00M | $249.00M |
| Net Income | $2.49B | $2.58B | $2.42B | $2.10B | $1.39B | $890.00M |
| EPS - Basic | $38.71 | $38.82 | $35.40 | $29.77 | $19.14 | $12.24 |
| EPS - Diluted | $38.61 | $38.69 | $35.28 | $29.65 | $19.04 | $12.20 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $459.00M | $457.00M | $363.00M | $106.00M | $144.00M | $202.00M |
| Accounts Receivable | $2.51B | $2.36B | $2.23B | $2.00B | $1.68B | $1.31B |
| Inventory | $240.00M | $200.00M | $205.00M | $232.00M | $164.00M | $125.00M |
| Accounts Payable | $776.00M | $748.00M | $905.00M | $1.14B | $816.00M | $466.00M |
| Current Assets | $3.61B | $3.25B | $2.93B | $2.72B | $2.15B | $2.02B |
| Total Assets | $29.87B | $28.16B | $25.59B | $24.18B | $20.29B | $17.87B |
| Current Liabilities | $3.82B | $3.32B | $3.64B | $2.44B | $2.60B | $1.89B |
| Long-term Debt | $14.30B | $13.47B | $11.58B | $11.45B | $9.75B | $9.76B |
| Total Liabilities | $20.90B | $19.54B | $17.46B | $17.12B | $14.30B | $13.32B |
| Stockholders' Equity | $8.97B | $8.62B | $8.13B | $7.06B | $5.99B | $4.54B |
| Retained Earnings | $15.84B | $13.81B | $11.67B | $9.66B | $7.55B | $6.17B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.19B | $4.55B | $4.70B | $4.43B | $3.69B | $2.66B |
| Investing Cash Flow | ($3.37B) | ($4.15B) | ($2.98B) | ($5.02B) | ($3.61B) | ($223.00M) |
| Financing Cash Flow | ($1.84B) | ($274.00M) | ($1.47B) | $552.00M | ($140.00M) | ($2.29B) |
| CapEx | - | $4.13B | $3.86B | $3.69B | $3.20B | $197.00M |
| Free Cash Flow | - | $416.00M | $840.00M | $743.00M | $491.00M | $2.46B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 38.2% | 40.1% | 40.6% | 42.9% | 39.7% | 37.3% |
| Operating margin | 24.7% | 26.5% | 26.7% | 27.8% | 23.4% | 21.1% |
| EBITDA margin | 27.4% | 29.3% | 29.7% | 30.9% | 27.3% | 25.6% |
| Net margin | 15.5% | 16.8% | 16.9% | 18.1% | 14.3% | 10.4% |
| Free cash flow margin | - | 2.7% | 5.9% | 6.4% | 5.1% | 28.9% |
| FCF / Net income | - | 0.16 | 0.35 | 0.35 | 0.35 | 2.77 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 10.8% | 10.7% | 10.7% | 12.0% | 12.3% | 11.5% |
| Effective tax rate | 25.3% | 24.0% | 24.5% | 24.9% | 24.9% | 21.9% |
| Return on assets | 8.4% | 9.1% | 9.5% | 8.7% | 6.8% | 5.0% |
| Return on equity | 27.8% | 29.9% | 29.8% | 29.8% | 23.1% | 19.6% |
| Return on invested capital | 12.8% | 14.0% | 14.7% | 13.1% | 10.9% | 9.8% |
| Liquidity | ||||||
| Current ratio | 0.94 | 0.98 | 0.81 | 1.11 | 0.83 | 1.07 |
| Quick ratio | 0.88 | 0.92 | 0.75 | 1.02 | 0.76 | 1.00 |
| Cash ratio | 0.12 | 0.14 | 0.10 | 0.04 | 0.06 | 0.11 |
| Leverage | ||||||
| Debt / Equity | 1.59 | 1.56 | 1.42 | 1.62 | 1.63 | 2.15 |
| Debt / Assets | 0.48 | 0.48 | 0.45 | 0.47 | 0.48 | 0.55 |
| Debt / EBITDA | 3.24 | 2.99 | 2.72 | 3.18 | 3.68 | 4.46 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 3.33 | 3.27 | 3.15 | 3.42 | 3.39 | 3.93 |
| Liabilities / Assets | 0.70 | 0.69 | 0.68 | 0.71 | 0.70 | 0.75 |
| Efficiency | ||||||
| Asset turnover | 0.54 | 0.54 | 0.56 | 0.48 | 0.48 | 0.48 |
| Inventory turnover | 41.48 | 45.98 | 41.56 | 28.65 | 35.75 | 42.78 |
| Days sales outstanding | 57d | 56d | 57d | 63d | 63d | 56d |
| Days inventory outstanding | 9d | 8d | 9d | 13d | 10d | 9d |
| Days payable outstanding | 28d | 30d | 39d | 63d | 51d | 32d |
| Cash conversion cycle | 37d | 34d | 27d | 13d | 22d | 33d |
| Valuation | ||||||
| P / E | 21.0x | 18.2x | 16.3x | 12.0x | 17.5x | 19.0x |
| P / B | 5.8x | 5.4x | 4.8x | 3.6x | 4.0x | 3.7x |
| P / S | 3.2x | 3.1x | 2.7x | 2.2x | 2.5x | 2.0x |
| EV / EBITDA | 15.0x | 13.3x | 11.9x | 10.2x | 12.8x | 12.1x |
| Growth | ||||||
| Revenue growth (YoY) | 4.9% | 7.1% | 23.1% | 19.8% | 13.9% | -8.8% |
| Revenue CAGR (3y) | 11.4% | 16.5% | 18.9% | 7.6% | 19.0% | 8.7% |
| Revenue CAGR (5y) | 13.5% | 10.4% | 20.0% | 11.9% | 11.0% | 8.0% |
| Gross profit growth (YoY) | -0.1% | 5.8% | 16.4% | 29.7% | 21.0% | -13.3% |
| Operating income growth (YoY) | -2.3% | 6.2% | 18.4% | 41.9% | 26.5% | -16.4% |
| Net income growth (YoY) | -3.1% | 6.2% | 15.2% | 51.9% | 55.7% | -24.2% |
| EPS growth (YoY) | -0.2% | 9.7% | 19.0% | 55.7% | 56.1% | -19.3% |
| EPS CAGR (3y) | 9.2% | 26.7% | 42.5% | 25.2% | 13.2% | -8.1% |
| EPS CAGR (5y) | 25.9% | 20.7% | 21.9% | 13.5% | 24.2% | 15.0% |
| FCF growth (YoY) | - | -50.5% | 13.1% | 51.3% | -80.0% | -12.3% |
| FCF CAGR (5y) | - | -31.7% | -20.6% | -18.8% | -23.4% | 5.4% |
| Book value growth (YoY) | 4.0% | 6.1% | 15.1% | 17.9% | 31.8% | 18.7% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.58
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Equipment Rental & Leasing, NEC
Comparing UNITED RENTALS against the 5 most active filers in the same SIC group.
Dividends
$7.52/share trailing 12 months · +9.9% YoY
| Ex-date | Per share |
|---|---|
| May 13, 2026 | $1.9700 |
| Feb 11, 2026 | $1.9700 |
| Nov 12, 2025 | $1.7900 |
| Aug 13, 2025 | $1.7900 |
| May 14, 2025 | $1.7900 |
| Feb 12, 2025 | $1.7900 |
| Nov 13, 2024 | $1.6300 |
| Aug 14, 2024 | $1.6300 |
| May 7, 2024 | $1.6300 |
| Feb 13, 2024 | $1.6300 |
| Nov 7, 2023 | $1.4800 |
| Aug 8, 2023 | $1.4800 |
| May 9, 2023 | $1.4800 |
| Feb 7, 2023 | $1.4800 |